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Home » Tag Archives: PANYNJ needs federal loan

Tag Archives: PANYNJ needs federal loan

COVID19: After record 2019, Port Authority of New York & New Jersey needs a loan

Large container ship assisted by tug passing under a bridge

PortandTerminal.com, May 28, 2020 The Port Authority is scrambling to plug a $3 billion revenue gap from the coronavirus outbreak. Looks to borrow from Federal Reserve program. NEW YORK – The Port Authority of New York and New Jersey (PANYNJ) is looking to borrow money under a federal lending program as the COVID-19 pandemic wipes out a $3 billion chunk …

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